The Spa Tech Institute-Plymouth reported a 3.5% tuition increase for the 2022-23 school year, as revealed in the most recent disclosure, according to the latest disclosure from the National Center for Education Statistics.
Students enrolled at the private for-profit institution paid $11,950 this year, which is $400 higher than the $11,550 charged during the 2021-22 academic year.
Approximately 84% of the undergraduate student body at the school are residents of Massachusetts, while about 2% come from other states.
Data indicates that 75% of full-time undergraduates who began studies at the Spa Tech Institute-Plymouth in 2022-23 received some form of student financial aid. Specifically, 27 students were awarded grants or scholarships totaling $116,382, and 35 students obtained student loans amounting to over $193,528.
When considering all undergraduate students, 123 received grants or scholarships totaling $447,257. Additionally, 141 students took out federal student loans totaling $722,532.
Undergraduate education costs have seen a significant increase over the past few decades. Data shows a 169% rise in the average total cost, including tuition, fees, room, and board, between 1980 and 2020.
According to a 2023 College Board report, in-state students at public universities paid an average of $11,260, while out-of-state students paid $29,150 in the 2023-24 academic year.
Meanwhile, student loan debt has steadily increased over the last 30 years, reaching $1.75 trillion in 2024, averaging a total of $28,950 per borrower. Federal loans make up 92% of the debt, with over half of students at both public and private four-year colleges graduating with student loans.
Available data sometimes exceeds 100% due to rounding and administrative calculations.
The following data includes only full-time students who began an undergraduate program at the the Spa Tech Institute-Plymouth in the 2022-23 school year.
| Type of Aid | Number of students awarded aid | Percent awarded aid | Total amount of aid awarded | Average amount of aid per student |
|---|---|---|---|---|
| Federal grants | 26 | 46% | $93,633 | $3,601 |
| State / local grant or scholarship | 0 | 5% | $0 | $0 |
| Institutional grants or scholarships | 0 | 0% | $0 | $0 |
| Grant or scholarship aid total | 27 | 48% | $116,382 | $4,310 |
| Federal student loans | 32 | 57% | $140,000 | $4,375 |
| Other student loans | 6 | 11% | $53,528 | $8,921 |
| Student loan aid | 35 | 63% | $193,528 | $5,529 |
| Total student aid | 42 | 75% | $309,910 | $7,378 |
Information in this story was obtained from the National Center for Education Statistics. The source data can be found here.
